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With the implementation of the national macroeconomics policy,
Qingdao's economy has gone well during the first three quarters of this year.
Statistics show that the GNP has increased by 16.7% to 153.856 billion
Yuan. The economy during the first three quarters of this year
has kept a high
development speed. Because of the rise in food prices and the favorable weather
conditions, farmers in Qingdao have had a good harvest this year with the arable
land enlarged by 0.2% to 360,000 hectares.
The Industrial index has also reached a record high with 85.1 billion Yuan
industrial taxes collected and 231.56 billion Yuan worth of industrial products
being sold.
Investment, consumption and export are levers lifting up Qingdao's economy:
investment has slowed down, the consumer market has steadied and foreign trade
has increased.
The sustainable economy leads to a balanced governmental budget with an
increased income both in the city and in the countryside. The farmer's annual
income has totaled to a high record of 4048 Yuan, a dramatic increase of 12.4%
over last year. Enditem will
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